RAISE US launches with $500m to retrain workers for the AI economy
A bipartisan nonprofit founded by Gina Raimondo and Eric Holcomb plans to work with states and employers on education and retraining.
Rajan Mehta 3 min read
Jobs
The jobs page charts a weakening UK labour market from several angles. Recent coverage follows unemployment climbing to 5%, one in seven young people now out of work, and youth unemployment hitting a decade high as vacancies dry up. The high street tells its own version: Quiz shuttering its last 37 shops and Britain's biggest retailers shedding nearly 18,000 jobs as costs bite. Permanent hiring keeps sliding as firms hold back on recruitment, while across the Atlantic the $500m RAISE US programme launches to retrain workers for the AI economy.
One in seven young people now out of work as UK jobs market weakens further
Youth unemployment has climbed to 14.7%, its highest level in more than a decade, as the broader labour market loses momentum and payrolled employment falls. Economists warn that a generation risks being scarred by a downturn that has crept up almost unnoticed.
Rajan Mehta 7 min read
Quiz shutters its last 37 shops as Britain's high street reckoning deepens
The Scottish fashion chain is closing its remaining stores by the end of June after a second collapse into administration in under a year, with around 500 jobs lost and other names following it off the high street.
Rajan Mehta 8 min read
Youth unemployment hits decade high as UK job vacancies dry up
One in seven young people are now looking for work, with the youth jobless rate climbing to 14.7 per cent and vacancies falling to their lowest level since 2021.
Rajan Mehta 8 min read
Unemployment climbs to 5% as UK labour market shows deepening strain
Payroll numbers are falling and youth unemployment has hit its highest level in over a decade, while pay growth barely keeps pace with inflation, painting a picture of a jobs market under pressure.
Eleanor Whitfield 7 min read
Permanent hiring slides again as firms hold back on recruitment
The closely watched Report on Jobs shows employers leaning on temporary staff while delaying permanent appointments amid an uncertain economic backdrop.
Rajan Mehta 7 min read
Britain's biggest retailers shed nearly 18,000 jobs as costs bite
Higher employer National Insurance and wage rises have driven a wave of cuts across the high street, with Tesco accounting for the steepest reduction.
Rajan Mehta 7 min read